Bango PLC Physical goods payments for Amazon in Japan (2005H)
June 06 2017 - 1:00AM
UK Regulatory
TIDMBGO
RNS Number : 2005H
Bango PLC
06 June 2017
6 June 2017
BANGO PLC
("Bango")
Physical goods payments for Amazon in Japan
Cambridge UK, 6 June 2017: Bango (AIM: BGO), the leading mobile
payments company, announces that it has enabled a new payment
method for Amazon customers in Japan. Amazon customers with a KDDI
(au) or NTT DOCOMO mobile phone account can now pay for physical
goods from Amazon.co.jp, by charging the cost to their mobile phone
bill.
Adding carrier billing as a payment option increases choice for
customers in Japan, making it easy to complete purchases. Selecting
this payment method enables instant purchase completion, without
needing to register card details online. Bango technology ensures
reliability, security and customer success when paying with carrier
billing.
Charging online payments to a phone bill is a widely-adopted
payment method in Japan, where mobile usage is deeply embedded into
business and culture. The Japanese market has pioneered carrier
billing, offering it as a simple and secure payment method,
enabling more consumers to purchase goods and services, online and
in retail stores. It is a highly effective way to engage new
customers and is popular with younger consumers.
The payment method opened-up to purchase goods on Amazon.co.jp
at the start of June, greatly increasing the range of products that
can be charged to the phone bill by KDDI and NTT DOCOMO customers,
who cover around 75% of all mobile subscribers in Japan
(Telecommunications Carriers Association, Japan, 2016).
"Internet usage in Japan is mobile-first, with billions of
dollars in online purchases charged to Japanese consumers' phone
bills" said Ray Anderson, Bango CEO. "The Bango Platform ensures
global retailers can offer these customers the trust and
transparency they want from a payment method, and can deliver this
at scale".
To use this payment option, a KDDI or NTT DOCOMO subscriber
simply adds carrier billing as a payment option in their
Amazon.co.jp account and then purchases can be made from any
device, with the cost charged to their post-paid phone bill.
For further information please contact:
Bango plc
Ray Anderson, CEO +44 3330 770 247
Rachel Elias-Jones, CFO
Anil Malhotra, CMO
Cenkos Securities plc
Nick Tulloch / Beth McKiernan /
Neil McDonald +44 131 220 6939
FTI Consulting
Chris Lane / Rob Mindell +44 203 727 1000
About Bango
Bango is the standard platform chosen by leading global stores
to deliver mobile payments to everyone. As the next billion
consumers adopt their first smartphone and look for universal
payment methods, Bango will be there to unlock the world of apps,
video, music, games and other content that brings those smartphones
to life. Global stores plugging into the Bango Platform include
Amazon (NASDAQ: AMZN), Google (NASDAQ: GOOG), Samsung (005930:
Korea SE) and Microsoft (NASDAQ: MSFT). Bango also partners with
leading payment providers around the world to drive new users and
revenues through its industry-leading mobile payment solutions. For
more information, visit www.bango.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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